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Tesco lifts profit forecast and says consumer confidence is resilient

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Oil prices climb amid supply fears and shipping attacks; prospect of rate rise weighs on UK housing market – business live
Brent crude jumps above $104 a barrel; eurozone bond yields rise and stock markets slide European gas prices have risen to their highest levels in more than two weeks, as attacks on tankers around the strait of Hormuz crushed hopes of more liquefied natural gas (LNG) shipments. The benchmark Dutch contract rose nearly 3% to €80.39 per megawatt hour, the first time it has been above €80 since 21 September. It was the first attack inside the Gulf for some time and marks a new escalation. For the LNG market, the attack’s proximity to Qatar is particularly concerning. Continue reading...
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